A new six-storey rental building at Fraser and 57th is set to be the largest multi-family building constructed to Passive House energy-efficiency standards, once it is completed in spring this year.
That’s good news for the future tenants of the building, named Spire Landing, as they should benefit from dramatically reduced heating and cooling bills, as well as mold- and pollen-free air quality.
Further good news, according to Spire Development, is that even though construction costs are high because of the energy standards, the 95 units will be offered at “below market rental rates.” That’s because the building is being developed under the City of Vancouver’s subsidized Rental 100 program.